CoreWeave (Ondo Tokenized) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 179.7× the size of CoreWeave (Ondo Tokenized) (CRWVON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 30.0 percentage points (CRWVON -1.8% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.34 across 110 shared trading days). CRWVON has been the more volatile of the two, at 100% annualised against SPCXB's 71%.

Correlation: 0.34
Size ratio: 1 : 179.7
Ahead over 90 days: SPCXB

CoreWeave (Ondo Tokenized)CRWVON

$51.3900

24h: +0.63%
Market cap: $1.09M
Volume 24h: $1.02M
Volatility (ann.): 100%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.4400

24h: -2.02%
Market cap: $196.73M
Volume 24h: $46.43M
Volatility (ann.): 71%

CRWVON 0.6%Share of the two combined market caps99.4% SPCXB

Performance

CRWVONSPCXB

7 days-3.30%-5.60%CRWVON
30 days+1.28%-11.42%CRWVON
90 days-1.83%+28.18%SPCXB

Correlation

0.34over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 0.311y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	CRWVON	SPCXB
Max drawdown (400d)	-54.5%	-47.5%
Risk-adjusted return (90d)	-0.02	0.45

Relative strength over 90 days: CRWVON outperformed SPCXB by 13.1% — measured on the CRWVON/SPCXB ratio, so it holds regardless of market direction.

CoreWeave (Ondo Tokenized) →SpaceX (bStocks Tokenized Stock) →